Thorco Shipping gets new equity injection from owners

After another challenging year, Thorco Shipping's owners, the Danish Stadil family, has decided to convert a USD 36 million loan into equity for the carrier. "It's a tough market," says chairman Thor Stadil.

BY MORTEN JOHNSEN, FINANS

Businessman Christian Stadil and his father Thor Stadil have in recent years been highly successful with several of their businesses.

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Thorco CEO: We will be more aggressive in the market
Thorco invests in a series of new ships
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Thorco Shipping has not impaired fleet in two years
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